Transfer of Working Capital Sample Clauses

Transfer of Working Capital. At the Closing, Sellers shall transfer --------------------------- to Buyer the amount of Working Capital necessary to satisfy the Base Working Capital.
Sample 1
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Transfer of Working Capital. At the Closing, Bxxx shall transfer to InPath's bank account or otherwise make available to InPath all cash and cash equivalents of Bxxx for InPath's use as working capital.
Sample 1
Transfer of Working Capital. On the Effective Date, Owner --------------------------- shall transfer to Representative all assets (including accounts receivable), and Representative shall assume Owner's liabilities (including accounts pay able), included in Working Capital as of the Effective Date. Following the Effective Date, (i) each of Owner and Representative shall use reasonable efforts to collect all accounts receivable included in Working Capital as of the Effective Date and (ii) Owner shall remit promptly to Representative all amounts received by Owner as payments in respect of accounts receivable included in Working Capital as of the Effective Date. If any of the accounts receivable included in Working Capital as of the Effective Date have not been collected as of December 31, 1997, Owner shall purchase such uncollected accounts receivable ("Opening Purchased Accounts Receivable") from Representative not later than January 10, 1998 for 85% of their gross amount (before agency commissions), less any reserve for doubtful accounts reflected as an offset to a current asset on the Opening Working Capital Statement (such amounts, in the aggregate, the "Opening Purchased Accounts Receivable Amount"), except that Owner will not be required to purchase any accounts receivable as to which Representative has waived the right to collect all or a portion of the sum due. For purposes of determining whether or not an account receivable has been collected, all payments of accounts receivable shall be applied against the oldest outstanding account receivable from the applicable obligor, unless such obligor specifies the receivable against which payment is being made. The Opening Purchased Accounts Receivable Amount shall be paid by reducing the amount of the Opening Working Capital Balance, as provided in Section 14.5(a)(ii) (Certain Matters --------------- Upon Termination - Release of Rights; Payment). If Owner is required to, and ------------------------------------------------ does, purchase any such accounts receivable, Representative will execute appropriate documents of assignment transferring such Opening Purchased Accounts Receivable to Owner and, if Owner so requests, Representative will attempt to collect such Opening Purchased Accounts Receivable as agent for Owner and to remit promptly to Owner any sums that are collected.
Sample 1

Related to Transfer of Working Capital

  • Transfer of Assets; Assumption of Liabilities (a) Prior to the Distribution, in accordance with the plan and structure set forth on Schedule 2.1(a) (such plan and structure being referred to herein as the “Spinoff Plan”) and to the extent not previously effected pursuant to the steps of the Spinoff Plan that have been completed prior to the date hereof:

  • Transfer of Acquired Assets At the Closing, Seller is transferring and shall transfer to Buyer, and the Transaction Agreements are effective to vest in Buyer, good, valid and indefeasible or marketable, fee simple or leasehold, as applicable, title to the Acquired Assets, free and clear of all Liens, other than Permitted Liens.

  • Purchase and Sale of Assets Assumption of Liabilities 8 2.1 Purchase and Sale of Assets 8 2.2 Excluded Assets 10 2.3 Assumption of Liabilities 11 2.4 Excluded Liabilities 12 2.5 Further Conveyances and Assumptions; Consent of Third Parties 12 2.6 Purchase Price Allocation 13

  • Sale or Transfer of Assets; Suspension of Business Operations The Borrower will not sell, lease, assign, transfer or otherwise dispose of (i) the stock of any Subsidiary, (ii) all or a substantial part of its assets, or (iii) any Collateral or any interest therein (whether in one transaction or in a series of transactions) to any other Person other than the sale of Inventory in the ordinary course of business and will not liquidate, dissolve or suspend business operations. The Borrower will not transfer any part of its ownership interest in any Intellectual Property Rights and will not permit any agreement under which it has licensed Licensed Intellectual Property to lapse, except that the Borrower may transfer such rights or permit such agreements to lapse if it shall have reasonably determined that the applicable Intellectual Property Rights are no longer useful in its business. If the Borrower transfers any Intellectual Property Rights for value, the Borrower will pay over the proceeds to the Lender for application to the Obligations. The Borrower will not license any other Person to use any of the Borrower’s Intellectual Property Rights, except that the Borrower may grant licenses in the ordinary course of its business in connection with sales of Inventory or provision of services to its customers.

  • Data Acquisition The acquisition of data to realistically simulate the electrical behavior of system components is a fundamental requirement for the development of a reliable interconnected transmission system. Therefore, the TSP and the Generator shall be required to submit specific information regarding the electrical characteristics of their respective facilities to each other as described below in accordance with ERCOT Requirements.

  • Transfer of Letter of Credit The Letter of Credit may be transferred and assigned in accordance with the terms of the Letter of Credit.

  • Transfer of Units 10.3.1 Units may be transferred only in the manner described in Article 9.2. The transfer of any Units and the admission of any new Partner shall not constitute an amendment to this Agreement.

  • Transfer of Agreement 9.1 Unless with the prior consent from the Pledgee, the Pledgor has no right to grant or transfer any of his rights and obligations hereunder.

  • CAPITAL CHANGES AND BUSINESS SUCCESSIONS The Plan contains provisions covering the treatment of options in a number of contingencies such as stock splits and mergers. Provisions in the Plan for adjustment with respect to stock subject to options and the related provisions with respect to successors to the business of the Company are hereby made applicable hereunder and are incorporated herein by reference.

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